EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.

A bearish descent downwards to the next support line at 184.257 is certain.

Caution: A possible change in the direction of the resistance level at 185.324 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Shooting Star’ candle pattern is found. The chart forms ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

185.149 – 184.429 – 184.457 – 184.257 – 184.197 – 183.604 —
185.11200 – 185.54900 —
76.243033541665 – 76.37015880523 —
– —
185.149 – 1775584800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Shooting Star – – – – – – – – –